RSI long only - FinEducateRSI long only with parameters:
long entry
profit booking
Sl
start date of strategy and end date of strategy back testing
HONAUT trade ideas
Investment Idea - Buy Honeywell AutomationLevels mentioned on chart, Final target is 40,000
CMP - 28700
SL should be trailed with ever target.
Investment Idea - Buy Honeywell AutomationLevels mentioned on chart, Final target is around - 40,000
CMP- 28700
Honeywell Automation likely to breakoutHoneywell Automation makes a Triangle and a rectangle pattern and is set for a breakout above its current resistance levels
Gone below support yesterday. If it can close above 26278, it has an opportunity to turn bullish in short term. Broad support is at 23400
Entry above 24350Technical - VCP Pattern
Fundamental
past 3 years average sales growth 13.66 %
past 3 years average profit growth 38%
past 3 years average margins growth 12.33%
Current ROE 20.53 %
Honeywell Automation Entry@23300Average sales growth for the past 3 years is 7.5%. Average profit growth for the past 3 years is 25. Margins have increased by 12% yoy average. A company which is showing accelerated sales, profits and margin usually shows a sign of strength fundamentally, prices can go much higher from here.
Near resistance There is an immediate resistance at 22270, which the scrip is trying to cross for a couple of dyas. Once it is crossed and the stock remains bullish, the stock may see a level of 26500 in intermediate term
#HONAUTBO12
Top is confirmed
Unless crosses above 23567
Alignment is broken
Further damage could lead to 20127
Sideways action on W charts
BullishBeing in between the angles, supports and resistance lines are quite away from CMP and so the movement of the stock will be unhindered. Support 19500, target 21550-22000.
